"economics" entries

Eris — a platform which allows developers and users to deploy consensus driven applications which rely on decentralized architecture and a consensus driven blockchain database backend. Open source (modified MIT).

The Disruption Machine (New Yorker) — long detailed critique of the “disruption” hypothesis of Clayton Christensen, particularly questioning the case studies cited in The Innovator’s Dilemma.

Web Reputation Systems and the Real World (Randy Farmer) — Don’t cross the streams. Good digital reputations should always be context-limited: the nature of the inputs should constrain the use of the reputation scores that are output.

Bill and Melinda Gates Commencement Speech (Quartz) — excellent urging to work on stuff that matters. The pessimists are wrong in my view, but they’re not crazy. If innovation is purely market- driven and we don’t focus it on the big inequities, then we could have amazing advances and inventions that leave the world even more divided.

Logo Trends — Dimension and detail are necessarily removed so that these logos read properly on mobile screens. Designs have become more and more flat. Surfaces are plain and defined by mono-weight lines. Great examples.

The Weight of Rain — lovely talk about the thought processes behind coming up with a truly insightful visualisation.

Data on Video Streaming Starting to Emerge (Giga Om) — M-Lab, which gathers broadband performance data and distributes that data to the FCC, has uncovered significant slowdowns in throughput on Comcast, Time Warner Cable and AT&T. Such slowdowns could be indicative of deliberate actions taken at interconnection points by ISPs.

Audio Key Extraction, Die Bitcoin, Keep Dying Bitcoin, Firmware Hacks

RSA Key Extraction via Low-Bandwidth Acoustic Cryptanalysis (PDF) — research uses audio from CPU to break GnuPG’s implementation of RSA. The attack can extract full 4096-bit RSA decryption keys from laptop computers (of various models), within an hour, using the sound generated by the computer during the decryption of some chosen ciphertexts. We experimentally demonstrate that such attacks can be carried out, using either a plain mobile phone placed next to the computer, or a more sensitive microphone placed 4 meters away.

Bitcoin, Magic Thinking, and Political Ideology (Alex Payne) — In other words: Bitcoin represents more of the same short-sighted hypercapitalism that got us into this mess, minus the accountability. No wonder that many of the same culprits are diving eagerly into the mining pool.

Why I Want Bitcoin to Die in a Fire (Charlie Stross) — Like all currency systems, Bitcoin comes with an implicit political agenda attached. Decisions we take about how to manage money, taxation, and the economy have consequences: by its consequences you may judge a finance system. Our current global system is pretty crap, but I submit that Bitcoin is worst. With a list of reasons why Bitcoin is bad, like Stolen electricity will drive out honest mining. (So the greatest benefits accrue to the most ruthless criminals.)

iSeeYou: Disabling the MacBook Webcam Indicator LED — your computer is made up of many computers, each of which can be a threat. This enables video to be captured without any visual indication to the user and can be accomplished entirely in user space by an unprivileged (non-root) application. The same technique that allows us to disable the LED, namely reprogramming the firmware that runs on the iSight, enables a virtual machine escape whereby malware running inside a virtual machine reprograms the camera to act as a USB Human Interface Device (HID) keyboard which executes code in the host operating system. We build two proofs-of-concept: (1) an OS X application, iSeeYou, which demonstrates capturing video with the LED disabled; and (2) a virtual machine escape that launches Terminal.app and runs shell commands. (via Washington Post)

The Robots are Here (Tyler Cowan) — a bleak view of the future in which jobs that can be done by robots are done by robots, and concomitant power spiral towards the rich. I let this one sit for a while before posting, and I still think it’s wildly important.

Expecting Better — an economist runs the numbers on the actual consequences of various lifestyle choices during pregnancy. (via sciblogs)

Business as Usual in the Innovation Industry — the only thing worse than business plan contests for startups is innovation wankfests for small arts groups. [T]he vast majority of small and mid-sized arts organizations are not broken so much as they are in a constant state of precarity that could largely be addressed by reliable funding streams to support general operations and less onerous grant application processes that would allow them to focus more on delivering services and less on raising money. Hear! (via Courtney Johnston)

Driverless Cars Are Further Away Than You Think (MIT Technology Review) — nice roundup of potential benefits. experiments involving modified road vehicles conducted by Volvo and others in 2011 suggest that having vehicles travel in high-speed automated “platoons,” thereby reducing aerodynamic drag, could lower fuel consumption by 20 percent. And an engineering study published last year concluded that automation could theoretically allow nearly four times as many cars to travel on a given stretch of highway.

Hyperinflation in Diablo 3 — interesting discussion about how video games regulate currency availability, and how Diablo 3 appears to have messed up. several weeks after the game’s debut a source claimed that there were at least 1,000 bots active 24/7 in the Diablo 3 game world, allegedly “harvesting” (producing) 4 million virtual gold per hour. Most of the gold generated by the ruthlessly productive, rapidly adapting bots found its way to third party vendors in a black market which undercut the prices in the sanctioned, in-game auction houses.

Call Me Maybe (Kyle Kingsbury) — a series on network partitions. We’re going to learn about distributed consensus, discuss the CAP theorem’s implications, and demonstrate how different databases behave under partition.

OpenWorm (The Atlantic) — simulating the c. elegans nematode worm in software. OpenWorm isn’t like these other initiatives; it’s a scrappy, open-source project that began with a tweet and that’s coordinated on Google Hangouts by scientists spread from San Diego to Russia. If it succeeds, it will have created a first in executable biology: a simulated animal using the principles of life to exist on a computer.

A Short Essay on 3D Printing — This hands-off approach to culpability cannot last long. If you design something to go into someone’s bathroom, it will make it’s way into their childs mouth. If someone buys, downloads and prints a case for their OUYA and they suffer an electric shock as a result, who is to blame? If a person replaces their phone case with a 3D printed one, and it doesn’t survive a drop to the floor, what then? We need to create a new chain of responsiblity for this emerging, and potentially very profitable business. (via Near Future Laboratory)

Zuckerberg’s FWD.us PAC (Anil Dash) — One of Mark Zuckerberg’s most famous mottos is “Move fast and break things.” When it comes to policy impacting the lives of millions of people around the world, there couldn’t be a worse slogan. Let’s see if we can get FWD.us to be as accountable to the technology industry as it purports to be, since they will undoubtedly claim to have the grassroots support of our community regardless of whether that’s true or not.

Pirate Economics — four dimensions of pirate institutions. Not BitTorrent pirates, but Berbers and arr-harr-avast-ye-swabbers nautical pirates. Pirate crews not only elected their captains on the basis of universal pirate suffrage, but they also regularly deposed them by democratic elections if they were not satisfied with their performance. Like the Berbers, or the US constitution, pirates didn’t just rely on democratic elections to keep their leaders under check. Though the captain of the ship was in charge of battle and strategy, pirate crews also used a separate democratic election to elect the ship’s quartermaster who was in charge of allocating booty, adjudicating disputes and administering discipline. Thus they had a nascent form of separation of powers.

Social Aggregator, Social Tracking, Data Boom, and Vim Search

Raytheon makes Social Media Tracking Software (Guardian) — the technology was shared with US government and industry as part of a joint research and development effort, in 2010, to help build a national security system capable of analysing “trillions of entities” from cyberspace.

Big Data Leads to Jobs for Cleveland — Spun out of the Cleveland Clinic three years ago, Explorys already employs 85 people and the prospects are as bright as its hip new offices in University Circle. Suddenly, economic development specialists are eyeing Big Data, and its potential for Cleveland, with new intensity. From rust belt to Hadoop uber alles.